Equitization definition

Equitization means the issuance of New Units in exchange for all or any portion
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Equitization has the meaning assigned to such term in Section 2.27(a).
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Equitization means in effect the complete or partial privatization of state owned businesses, generally by floating part or all of their capital on the stock market in Vietnam.
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Examples of Equitization in a sentence

  • Except as otherwise set forth in this Agreement, any Non-Equitized PIPR Unit that does not become an Equitized PIPR Unit on such Revaluation Date shall remain outstanding and shall be eligible to become an Equitized PIPR Unit on each subsequent Revaluation Date in accordance with the Operating Agreement; provided that any such Non-Equitized PIPR Unit that has not become an Equitized PIPR Unit on or prior to the Final Equitization Date shall be automatically forfeited.

  • For the avoidance of doubt, from and after the relevant Equitization Date, the Equitized PIPR Units shall remain Unvested Awards until the Vesting Date.

  • The ultimate score achieved based on Appendix A (which may range from 0.0 to [●]) will be multiplied by [●] PIPR Units (the “Target PIPR Units”) in order to determine the number of PIPR Units, if any, that may vest upon satisfaction (or deemed satisfaction) of the Service Condition and the occurrence of the relevant Equitization Date on or before the fifth anniversary of the Grant Date (such date, the “Final Equitization Date”) in accordance with Section 1(b)(i), 1(b)(ii), 1(c), 1(d) or 1(e).

  • For the avoidance of doubt, any Plan that provides for the Second Lien Equitization Treatment shall be implemented in accordance with Path 1 (including with respect to repayment in full in cash of DIP Facility Claims and First Lien Lender Claims no later than 170 days after the Petition Date) and the treatment of Second Lien Note Claims shall be modified accordingly.

  • Any Fiscal Year PIPR Units will vest upon satisfaction (or deemed satisfaction) of the Service Condition and the occurrence of the relevant Equitization Date on or before the fifth anniversary of the date of grant (such date, the “Final Equitization Date”) in accordance with Section 1(b)(i), 1(b)(ii), 1(c), 1(d) or 1(e).

  • On each Equitization Date (as defined below), the Issuer shall deliver an Officer’s Certificate to the Trustee certifying that the Mandatory Partial Equitization complies with the terms of this Section 3.16.

  • The proceeds of the Loans and the Letters of Credit shall be used for (a) the payment of fees and expenses hereunder, (b) up to $10,000,000 of the Loans may be used as part of a Debt Equitization Event, (c) general corporate purposes and (d) Delayed Draw Loans may be utilized to Cash Collateralize, or reimburse the Issuing Bank for draws under, Letters of Credit.

  • The Mandatary Partial Equitization shall be implemented by the Issuer pursuant to Applicable Procedures and applicable laws and regulations without requiring the consent of, or any action on the part of, any Holders.

  • Rights Offering In connection with the Plan of Reorganization, the Debtors will solicit participation in a rights offering (the “Rights Offering”) to purchase the New Second Lien Convertible Notes (as defined below) for an aggregate principal amount of $300.0 million, which, when adjusted for the original issue discount and Equitization Premium (as defined below), purchases $433.3 million of New Second Lien Convertible Notes.

  • The Equitization Premium shall be shared ratably by all participants in the Rights Offering.


More Definitions of Equitization

Equitization means the Phase I Equitization, the Phase II Equitization, the Phase III Equitization and the Second Out Exchangeable Notes Equitization;
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Equitization means a process where the ownership of a State Economic Enterprise is transferred in part or whole to a private entity with the consent of the Government.
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Equitization in the Vietnamese context means to transform a wholly state-owned enterprise into a shareholding company. The basic objective, as being pursued in Vietnam, is to restructure state-owned monopolies such as EVN into shareholding companies, or a series of shareholding companies, including additional investors, to create more market-oriented companies which are more separate from government. In a sense, the enterprise reform goals of this effort are common to many "corporatization" reforms pursued in other countries. The objective is not "privatization" per se - those holding shares may be public investors as well as private ones. In the power sector, the equitization program involves splitting various subsidiary entities from EVN, to form new shareholding companies. Current government policy requires EVN to maintain at least 51% of the shares of the new "equitized" companies. The prevailing model is to offer a minority block of shares in a subsidiary company of EVN undergoing equitization to common investors, usually in many small shares.
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Equitization means, if the Asset Sale does not result in the sale of all or
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Related to Equitization

  • Securitization means one or more sales by a Note Holder of all or a portion of such Note to a depositor, who will in turn include such portion of such Note as part of a securitization of one or more mortgage loans.

  • Note A-6 Securitization means the first sale by the Note A-6 Holder of all or a portion of Note A-6 to a depositor who will in turn include such portion of Note A-6 as part of the securitization of one or more mortgage loans.

  • Securitization Assets means the accounts receivable, royalty or other revenue streams and other rights to payment subject to a Qualified Securitization Financing and the proceeds thereof.

  • Asset means any asset or property.

  • Securitization Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets.